When using the spreadsheet (work sheet) method to prepare the statement of cash flows, the Balance columns should total to zero. True False QUESTION 3 The declaration and issuance of a stock dividend would be reported on the statement of cash flows. True False QUESTION 4 Purchasing equipment by issuing a 6 .month note should be shown on the statement of caih flows under the inveating activities section True False True False QUESTION 6 True Folise QUESTION7 To determine cach paid for operating expenset foc the statement of cath flows naing the direct method, a decrease in accrsed expeoset payable is adbed to operating expenses ocher than depteciatice. True faise QUESTION 8 The main diradyantage of the direct method of reporting cash flows from cperating activies is that the becerary data are ofen cortly to accumalste. Trut false